ScaleMP Completes $10M Funding Round to Accelerate Growth
High-End Virtualization Leader Secures Strategic Agreements with Server and Storage OEMs
August 28, 2017 12:53 PM Eastern Daylight Time
FORT LEE, N.J.–-(BUSINESS WIRE)-–ScaleMP™ a leading provider of virtualization solutions for high-end computing, delivering technology for software-defined computing and software-defined memory products, today announced it has completed a $10 million funding round. The investment follows deeper and broader adoption of ScaleMP’s technology by server and storage OEMs. The funds will further accelerate the company’s growth, enhance the company’s products and technology, and expand ScaleMP’s support for its OEM partners.
The investment was led by Leumi Partners, the investment and merchant banking arm of Leumi Group, Israel’s oldest banking corporation and one of the leading and largest corporations in the country and the region. Following completion of the financing round, Leumi Partners has taken approximately a 5 percent stake in ScaleMP.
”We are thrilled to support ScaleMP’s growth as it augments its technology leadership with growing strategic partnerships,” stated Yaron Bloch, CEO of Leumi Partners. ”Server and storage OEMs use ScaleMP’s software to boost processing and memory resources of their platforms, providing an improved performance and TCO (Total-Cost-of-Ownership) in the cloud and enterprise data centers. Vendors delivering solutions based on ScaleMP’s technology provide a valuable building block for corporations seeking to leverage big data analysis and artificial intelligence to enhance business agility,” he concluded.
“Demand for software-defined memory and computing is growing materially,” said Shai Fultheim, founder and CEO of ScaleMP. “Following the adoption by leading server and SSD vendors, we are doubling-down on our investment to support our partners’ demand for our products by expanding partner support and engineering resources, and to further accelerate ScaleMP’s growth. We will harness our enhanced resources to expand the scope of our products, and leverage current and additional partnerships to broaden our reach.”
ScaleMP is the leader in virtualization for high-end computing, providing increased performance and total cost of ownership (TCO) reduction. The innovative Versatile SMP™ (vSMP) architecture provides software-defined computing and software-defined memory by aggregating multiple independent systems or high-performance SSDs into single virtual systems. Using software to replace custom hardware and components, ScaleMP offers a new, revolutionary scale-up computing paradigm by delivering industry-standard, high-end symmetric multiprocessing compute and memory environments. For more information, please call +1 (201) 429-9740 or visit http://www.ScaleMP.com.
Benzi Galili, +1-201-429-9740